General IMAGINE Questions:
How many years has the IMAGINE campaign been active?
- The IMAGINE campaign started in 2005.
How much money has been raised?
- We have raised a total of $6.6 million since November of 2005.
Is all of this money in a savings account (or) how has this money been used?
- We have a little over $1.5 million in cash reserves of the $6.6 million raised.
- The remaining $5.1 million has been spent as follows:
- $590,000 to Africa
- $750,000 on Midtown expansion/improvement
- $1,400,000 in 9A land payments
- $2,360,000 in fees associated with clearing land at 9A, Legal, Financing & Architecture fees, Project Management fees, Civil, GC & AV consulting fees
What is the status of the project?
In 2009, we completed a major milestone in building our new home at 9A/Baymeadows. We have finalized and paid for our architectural and audio-visual design, construction documents and all of our pre-construction permitting. These accomplishments allow us to start construction as soon as our financing is in place!
We were also able to save additional funds this year and at the end of 2009 we had positioned ourselves to obtain a loan at 80% of the value of our cash and assets
What direction are we taking in 2010?
We are so excited and fully committed to building our new home at 9A/Baymeadows!
- We are setting a goal that will allow us to minimize our debt and make prudent decisions about the best possible financing options.
- Our financial goal this year would position us to obtain a loan at 70% of the value of our cash and assets.
- We also want to recognize and meet the growing needs of our campuses so this year we have included some specific campus initiatives in our 2010 goals
What are the 2010 goals?
Midtown/9A Project ($2,500,000)
9a/Baymeadows Building Project ($2,400,000)
Children’s Facility Enhancements
Egress/Parking Improvements
Media Equipment Upgrades
Orange Park ($250,000)
Sanctuary Expansion- potentially requiring a new facility
Children’s and Youth Facility Improvements
Bi-directional Live Feed
Media Equipment Upgrades
St. Johns ($150,000)
Permanent Facility
St. Augustine ($80,000)
Permanent Facility
Camden ($50,00)
Live Feed
Youth Facility
Hardee ($15,000)
Outdoor Community Space/Playground
Children’s & Youth Facilities
**Missions/Outreach
We will continue to sow 10% (estimated $300,000) of all Imagine contributions into areas of missions, social justice and global impact. These endeavors in 2010 include the following:
Orphanage in Africa
Haiti Relief
Zimbabwe
Dream Center
Social Justice- Feeding Children, Fighting Human Trafficking
International Expansion- Greece and Ireland
